Dealers weigh response to FXGO’s fee plans
Spread compression means costs will likely have to be passed on to clients, say banks
Bloomberg’s decision to introduce brokerage fees on its electronic foreign exchange trading venue, FXGO, has caused concern among dealers about potential adverse effects on client pricing and sparked conversations about how to respond.
Originally a selling point for the technology giant’s terminal subscribers, the fee-free policy is set to end next year for market-makers on the platform. But with bid/offer spreads shrinking in recent years, dealers say they may have little choice but to widen
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